Wednesday, November 19, 2008

Bad Form: Insituform Technologies Drops 35 Down a Sewer

Insituform Technologies, a sewer and piping repair outfit, has performed the layoff they had alluded to previously and cut 35 employees livelihood. These are spread between 50% at their headquarters in Chesterfield and the rest in shared pain elsewhere.

I wonder if Joe the Plumber is going to be affected by this type of action? Although the CEO does not blame this on the current economic condition directly, I can bet you some wagering dough that the thought of the present economy is somewhere in his head and subliminally impacted the decision whether he wants to claim it or not.

Insituform Technologies is headquartered in Chesterfield, Missouri.

Related:
Laying Down the Law: Lawson Software Terminates 200
Caught Off Guard: LaGarde Files Bankruptcy
You've Got to Know When to Fold Them: Ameristar Layoffs

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